California State Teachers Retirement System Increases Stock Holdings in Onto Innovation Inc. $ONTO

California State Teachers Retirement System boosted its holdings in shares of Onto Innovation Inc. (NYSE:ONTO) by 38,382.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 21,848,297 shares of the semiconductor company’s stock after buying an additional 21,791,522 shares during the quarter. California State Teachers Retirement System owned approximately 0.45% of Onto Innovation worth $8,268,488,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Wedmont Private Capital purchased a new stake in shares of Onto Innovation during the second quarter worth about $278,000. HB Wealth Management LLC boosted its stake in Onto Innovation by 4.7% in the 2nd quarter. HB Wealth Management LLC now owns 2,698 shares of the semiconductor company’s stock worth $1,021,000 after purchasing an additional 122 shares in the last quarter. AlphaGrep UK Ltd acquired a new stake in Onto Innovation in the 2nd quarter worth approximately $204,000. Highland Investment Advisors LLC purchased a new stake in Onto Innovation during the 2nd quarter worth approximately $25,000. Finally, Turner Financial Group Inc. purchased a new stake in Onto Innovation during the 2nd quarter worth approximately $263,000. Institutional investors and hedge funds own 98.35% of the company’s stock.

Wall Street Analysts Forecast Growth

ONTO has been the topic of a number of recent analyst reports. The Goldman Sachs Group assumed coverage on shares of Onto Innovation in a research note on Monday, August 17th. They set a “buy” rating and a $400.00 price target on the stock. Wall Street Zen upgraded shares of Onto Innovation from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Morgan Stanley dropped their price objective on shares of Onto Innovation from $383.00 to $360.00 and set an “overweight” rating on the stock in a report on Tuesday. Zacks Research raised Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Finally, Freedom Capital upgraded Onto Innovation to a “strong-buy” rating in a research note on Wednesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $378.00.

Onto Innovation Price Performance

Shares of NYSE:ONTO opened at $281.54 on Wednesday. Onto Innovation Inc. has a twelve month low of $102.91 and a twelve month high of $386.46. The company’s 50 day moving average is $290.08 and its 200 day moving average is $269.14. The company has a current ratio of 9.73, a quick ratio of 8.33 and a debt-to-equity ratio of 0.77. The company has a market cap of $13.81 billion, a PE ratio of 105.84, a price-to-earnings-growth ratio of 0.88 and a beta of 1.59.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.24. Onto Innovation had a net margin of 11.84% and a return on equity of 13.44%. The company had revenue of $343.13 million during the quarter, compared to analyst estimates of $325.29 million. During the same period last year, the firm posted $1.25 EPS. Onto Innovation’s revenue for the quarter was up 35.3% compared to the same quarter last year. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. On average, sell-side analysts forecast that Onto Innovation Inc. will post 8.04 EPS for the current year.

Insider Activity

In related news, Director Susan Lynch sold 1,000 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $302.30, for a total transaction of $302,300.00. Following the completion of the transaction, the director owned 2,684 shares of the company’s stock, valued at $811,373.20. This trade represents a 27.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by company insiders.

Onto Innovation Company Profile

Onto Innovation (NYSE:ONTO) is a global supplier of advanced process control and inspection systems for semiconductor and electronics manufacturers. The company’s solutions span metrology, inspection, defect review and lithography mask repair, helping customers optimize yield, reduce costs and improve device performance. By integrating high-resolution optical and e-beam tools with sophisticated software analytics, Onto Innovation enables wafer, mask and advanced packaging producers to maintain tight process control across leading-edge nodes and specialty applications.

Key products include high-throughput wafer metrology systems, optical and e-beam defect inspection platforms, mask inspection and repair tools, and data-driven software for yield management and process optimization.